1449 Forest DrUnion CityTN38261
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Union City at 1449 Forest Dr, Union City, TN, 38261 priced at $415,000 converts $2,984/mo rent into $500/mo cash flow after a $2,031/mo obligation. Total monthly income equals $2,984/mo, and annual cash flow totals $6,000/yr on $137,573 invested. Return on cash invested prints 24.27% in year one, and rental yield reads 8.63% against a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation compiles into $114,657 by year five. Five-year ROI reaches 125.94% and total cumulative return in cash sums $173,265. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,984/mo property income covering a $2,031/mo payment, not borrower’s personal income.
Single Family
Built in 1982
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38261, Union City, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,533 (100%) |
| Owner Occupied HU | 4,170 (55.4%) |
| Renter Occupied HU | 2,739 (36.4%) |
| Vacant Housing Units | 624 ( 8.3%) |
| Median Home Value | $193,936 |
| Average Home Value | $230,429 |
Housing Distribution
Address Breakdown
Residential
7,113
Single Family
6,799
Multi-Family
314
Businesses
648
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Listed by: Terry R. Petty • FULLER PARTNERS REAL ESTATE
Mls Name: RRAR
Mls ID: #45248
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.